Oligopoly: a market structure that is dominated by a few large, profitable firms. Many industries today are oliggopolies, such as those who produce break fast cereals, cars, and household appliances.
Neal Patel, 8EP-1, 6:59 P.M. Aug 22
Oligopoly
An oligopoly is one part of the market (e.g. Cars) are dominated by a small group of top sellers (e.g. Ford, Mercedes, Lexus, Honda).
NOT to be confused with monopoly which has been outlawed.
Neal Patel, 8EP-1, 6:59 P.M. Aug 22
Oligopoly
An oligopoly is one part of the market (e.g. Cars) are dominated by a small group of top sellers (e.g. Ford, Mercedes, Lexus, Honda).
- NOT to be confused with monopoly which has been outlawed.
Examples of Market Oligopolies:- Cars:
- Mercedes
- Lexus
- Ford
- GMC
- Clothing